WAEC Financial Accounting 1997 Question 38

Opening stock – Footwears Department N800; Stationery Department N600
Purchases – Footwears Department N1,600; Stationery Department N2,800
Wages of shoe packers – N600
Salaries – N1,200
Sales – Footwears N4,000; Stationery N6,000
Additional Information: (i) No closing stock (ii) Common expenses are to be shared in the ratio of sales.
The cost of goods for the Stationery Department is

1. A.N4,120
2. B.N3,400
3. C.N3,000
4. D.N2,800
5. E.N2,400.